CDC Ixis looks to acquisition in UK

The French asset manager is keen to raise its profile abroad

By

Guy Paisner in Paris

April 8, 2002 5:00 p.m. GMT

CDC Ixis Asset Management is studying the UK market for a suitable target to boost its presence in the UK. The French firm, with &euro327bn ($286.8bn) under management, already owns the UK operations of Loomis & Sayles, through its October 2000 acquisition of Nvest in North America. But it is keen to build its profile with UK pension funds and institutions through another deal.